Julius Baer Shareholders React Favorably To Tax Settlement News

FORBES: Julius Baer has been on
the US Justice Department’s radar for some time. In 2011, Rudolf Elmer, a former banker at Julius Baer, reportedly turned
over the banking
details of about 2,000 clients toJulian
Assange and the
WikiLeaks team. At the time, Julius Baer rejected the allegations that it assisted any taxpayers in the commission of tax fraud. However, in 2014, U.S. prosecutors accused the bank
of doing
exactly that.